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1. Assume that a state government currently provides no child care subsidies to working single parents, excluding that it currently wants to adopt a plan that will encourage labor force participation among single parents. Assume that child care costs are hourly, as well as presume the government adopts a child-care subsidy that pays $3 per hour for each hour the parent works, up to 8 hours per day. Draw a current budget constraint for an assumed single mother (net of child care costs), and after that draw in the new constraint. Discuss the likely effects on labor force participation and hours of work.
2. A state government wants to provide incentives for single parents to enter the labor market and become engaged. It is allowing for a policy of paying single parents of children under the age of 18 $20 per day if the parent works at least 6 hours for every day i.e. 5 days a week. Draw an assumed current daily budget constraint for a particular parent, furthermore draw in the constraint that would be created by the $20 subsidy.
Discuss the likely effects on (a) labor force participation and (b) hours of work
Plot residual by time and explain residual plot where you find any problem. Do we violate any 7 assumptions of OLS. If so, what are consequences.
A pure monopolist determines that at the current level of output the marginal cost of production is $2, average variable costs are $2.75, and average total costs are $2.95. The marginal revenue is $2.75. What would you recommend that the monopolist..
Does the company behave like a monopoly or more like a competitive firm? Has the monopoly been cited for monopoly behavior?
What is the dominant source of capital funding in the United States? Given this result and the fact that most corporations are net borrowers, what decisions must most managers face in order to address this financial deficit?
Elucidate the nature of competition in a marketplace which is characterized by a high barrier to entry and a significant product homogeneity.
The definition of a price maker is a firm with some power to set the price because the demand curve for its output slopes downward which in effect means those firms with a downward sloping demand curve have some market power.
Use supply and demand model to explain the dramatic rise in the price of a college education.
Elucidate what does this indicate concerning inflation expectations in Korea compared to the US.
Explain how are you morally justifying your decision. Remember to use professional e-mail etiquette when composing your e-mail.
Find a 95% confidence interval for the true percent of car owners in this city who recieved a speeding ticket this year. Evalute your results to the nearest hundredth of a percent.
Determine the possible circumstances under which the company should discontinue operations.Suggest key actions that management should take in order to confront these circumstances.Provide a rationale for your response.
Now discuss the fact that deflation is the central bank's worst nightmare. Make sure you refer to a real interest rate of -2.68%. Why is this environment such a nightmare for the central bank and monetary policy?
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